Bio-Tech and Life Sciences Hiring Grants for Small Business

Through Employment and Social Development Canada (ESDC), the Canadian federal government provides a lucrative hiring grant opportunity for small businesses in various sectors. One such variant of their hiring incentives is specific to the bio-technology and life sciences sector. This wage subsidy program offers up to $20,000 or 50% of the new hire’s wage rate in the form of a non-repayable contribution to small to mid-sized businesses looking to hire recent graduates.

Bio-Technology & Life Sciences Hiring Grants for Small to Mid-sized Canadian Businesses: Program Focus

The purpose of this Canadian business grant for hiring program is to help small to mid-sized businesses wanting to grow their business to meet their staffing needs and at the same time minimize financial risk. Simultaneously the program helps businesses access a pool of “eager to learn” new workers while developing the talent within their companies.

Career Focus Bio-Technology and Life Sciences: Success Story

“We needed the extra person to handle the workflow but could not justify the cost of an experienced technician. The wage subsidy helped offset the training costs that are incurred with hiring a recent grad.”
SunWest Food Lab Ltd

Bio-sector Canadian Business Grants for Hiring: Company Eligibility

ESDC small business grants from the Canadian government are offered to employers that meet the following criteria:

• Must be entered into a Placement Contract before the employee begins his or her new position,
• The work term provided by the company must be a minimum of 30 hours per week for at least 3 months. The position may come to an end at the end of the term of employment or March 31, 2015, whichever comes first,
• The company must contribute a minimum of $1 for each $1 provided as a wage subsidy,
• The company must follow a nepotism policy

(For additional provisions of the program please contact a Canadian government funding expert.)

Canada Government Grants for Small Business: Employee Eligibility

In order to be approved as a suitable applicant covered through this Canadian business grants program one must meet the following criterion:

• Be a graduate from a post-secondary institution within the last three years;
• Be between the ages of 15-30, inclusively;
• Be registered on a program-specific online job board specific to the Canadian bio-economy, The PetriDish ;
• Be a Canadian citizen, permanent resident, or have been granted refugee status;
• Be legally entitled to work in the province or territory;
• Not be in receipt of Employment Insurance at the start of your placement.

Get Started on Your Application Today: Contact a Canadian Government Funding Expert

Contact a Canadian government funding expert today to get started on your application.  Once you upload in confidence a job/ description and or resume of the candidate you would like to employ Mentor Works will contact you to let you know whether or not you are eligible as well as supply information on how to complete your application.  Many companies receive approval within the matter of a few days.

Learn more about this Canadian government grants for small business opportunity

To learn more about this and additional small business government grants for established biotechnology and life sciences companies we invite you to attend a free Canadian government funding informational workshop or webinar. You can also follow Mentor Works on your favourite social media network, including LinkedIn and Twitter.